Gross margin advanced to 74% in the third quarter from 70.3% in the same period of the prior year.

Pandora CEO Anders Colding Friis said: “The strong top-line development has continued in the third quarter of the year, and again all regions contributed to the growth. Europe and Asia Pacific in particular did well, with both established as well as less developed markets continuing the positive momentum. Growth in the US was slightly softer than previous quarters primarily due to a change in promotion strategy in the region to further enhance our brand.”

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